Asset turnover A company reports the following: Sales $1,102,500 Average total assets (excluding long-term investments) 787,500 Determine the asset turnover ratio. If required, round your answer to one decimal place.

Asset turnover A company reports the following: Sales $1,102,500 Average total assets (excluding long-term investments) 787,500 Determine the asset turnover ratio. If required, round your answer to one decimal place.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 52CE: Asset Efficiency Ratios Selected financial statement numbers for Rutherford Company follow....

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Asset turnover
A company reports the following:
Sales
$1,102,500
Average total assets (excluding long-term investments)
787,500
Determine the asset turnover ratio. If required, round your answer to one decimal place.
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